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P&C: Types of Liability

P&C: Types of Liability

Mar 19, 2025 | Study Notes, Property & Casualty

P&C: Types of Liability Liability basically means “you’re responsible for this.” There are three types of liability: Absolute, Strict and Vicarious. Absolute Liability – You’re absolutely at fault, what you did was so reckless and dangerous we don’t...
P&C: Types of Liability

P&C: Damages

Mar 17, 2025 | Study Notes, Property & Casualty

P&C Damages Damages: Property, Bodily, Special, General, Punitive Damages are the money that a person pays out when they have caused damage to someone/something.   There are three types of Damages and two sub-categories: Property – Physical damage to...